Economy of Russia in 2015

What will happen with the Russian economy in 2015? Today this question is on agenda. The Ministry of Economic Development of Russia has revised its growth forecast of the Russian economy in 2015. The Russian economy will face serious changes. Deterioration in the forecast is related to the sanctions because of the events in Ukraine and geopolitical tensions.
Overall, the new picture of development of the country in the next year corresponds to a recent estimate made by the head of the Minister of Economic Development-Alexei Ulyukayev. He said that Russia is balancing between stagnation and recession.